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WESTCHESTER COUNTY, N.Y. -- Facebook founder and Westchester County native Mark Zuckerberg will sell approximately $2.3 billion in shares of his social media company to pay a tax bill, according to Forbes.

The sale of Zuckerberg's 41.4 million Class A shares will reduce his voting power from 58.8 percent to 56.1 percent, Forbes reported.

In all, Facebook executives will be selling off 70 million shares of common stock, Forbes said.